Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
@AndyJ
You be The Man, Andy, you be The Man. Here's a cookie for the RSIVX smile.
Under Consumer Discr, you will see Lee Enterprises, 9.5%, 3/15/22. Google this with Cohanzick Investment Management, and in this pile (you've have to do some sifting…
@Ted Gee, thanks Ted, that was really helpful.
@dryflower:
I'm modeling for ya here; follow. While you can't expect everyone in the whole wide world to parse everything, at all times, in a way that will avoid you having "hurt feelings," I think y…
@davidrmoran
Sweet! In every discipline, there are those rare individuals, who come along all too infrequently, that you wish would live and write forever. And then, eventually, your wish doesn't come true. I miss Peter Bernstein. If I'm fortuna…
Except for a short period of time after inception where, as I recall, I thought this fund's performance was close to exemplary, CIVVX has not beaten its benchmark's performance for just about any time interval measurable ever since. So does it reall…
@rjb112 re. DODLX. Well, I've filled out the application, I haven't filled out da check. :)
Ex-date for this qtrly payer is June 26. So, whaddayathink? Lick the envelope & stamp, and send it out and get her going? Or give it another qtr of perfo…
@Crash Sorry, didn't mean to disturb, should have ended it with a smiley. It's just that lately you've been posting timely movie clips into threads (you left me breathless, remembering that line from the movie Patton; how you do dat?), so I thoug…
@rjb112 I added the second part--- reduction in yield--- because, by definition, when bonds default (1.9% of assets, in this example), their yields... ummm.... "tend to" decline. Right? :)
Another footnote you might what to check out is Footnote (…
@TSP_Transfer It was Friday the 13th, illuminated by a full moon, so hey, with those forces at play, something in the world had to give! :(
@portal.kiplinger.com
Yes, Mr. Goldberg, bond yields will eventually rise, just as the arisen sun tomorr…
You do what locals did in the Wild Wild West--- invest in some of the better mortuary businesses. As an added bonus, invest in the arms trade (call Sen. McCain's office and ask what's hottest in those sectors) and in beheading tools.
Yeah, I keep seeing this "5%" figure for bank loans, but I have yet to find an (unleveraged) bank loan/floating-rate MF that is kicking this yield out. And I still think the minute these loans hit the LIBOR float bar they'll all be called away from …
Blitzer, Bitzer--- I just don't see the difference.
@Ted You are too generous. But at least, with a conservative est. of appreciation, Bitzer can rest a little easier, knowing the cost of his coffin will be covered (a very nice wooden box, provide…
hella bad time in the cycle for you to have to be making a decision to abort, yet.....such a thorough scrubbing kinda rules out a serious health problem as cause. another smoldering coal gets added to the pile. how many is too many?
Really, it's becoming laughingly predictable. Gotta pump it up a little, and then a little more, and then once enough suckers have come in and a sufficient plateau higher is achieved, manipulate it back down with the paper instruments (representing …
They aren't "stashing cash." Rather, they are increasing the size of their "put option on future cash flows." :) [another Buffett gem; try it, it is quite effective]
@Crash re. PREMX. The transparency of that fund leaves a lot to be desired. Have you been able to figure out what is causing it to dance around so much this year? He must have something(s) in local currency about which the world cannot decide re. va…
Kinda cherry-picked their interval there, dontcha think? 1989-2014
Also, did the review not consider the "dividend capture" strategy, that arose in some funds--- to one degree or another--- in the mid-2000s? That worked well until the financial cr…
Yes, see what you can find out from Bryan Krug re. Artisan's commitment to fixed income. After all, he wasn't hired solely to be PM of the HY Income fund; he was hired as HEAD OF ARTISAN FIXED INCOME--- and that would entail _________? Maybe the co…
@Old_Joe: Wow, you be one remarkable problem-solver, Joe. So enviable. And so nice to have such a practical alternative! I'll think of it as my Tweedy Browne Investment Plan B (do you charge for wire transfers?)
@jlev I understand your sentiments. That's why I added the caveat--- catch it at the right price--- because that would be the only way I could stomach the roller coaster. But that's the REIT index all over anyway, isn't it?
An additional concern h…
So, when my $4-7M in dvd income flows into my ckg account at month's end, and I have an urge to send it all to my Tweedy accounts as a subsequent investment, does this mean I'll "have to" trickle it in, day after day, in piddly $200K amounts? Geez, …
@prinx Either you do not understand leverage, or you have misunderstood this fund's prospectus. Albeit, this fund does have a high beta, but it is not leveraged.
Now that this fund has a history, and we have a better idea how it will perform under…
I wouldn't get too excited/bullish; we've seen many a massaged qtr blip before.
http://www.zerohedge.com/news/2014-06-08/only-chart-you-need-see-trade-japans-gdp-beat
"It is actually a very rich country with an educated population,...."
Umm, apparently Michael isn't aware that, during the past decade, 50% of the young adult population of Ukraine, between the ages of 18 and 30, has emigrated elsewhere.
Haven't you noticed? Neologisms (esp. nonsensical) are all the rage lately.
Because weather? "Your algorithms, trading live," indeed; sounds like a terrific strategy for self-vaporization!
Judge: I accept your guilty plea, but could you at least te…
@David_Snowball
Your review of DODLX is fine. I am hopeful it will prove to be a good choice for a core global bond fund; unless one is enraptured by the "Hasenstaub method" (which is o.k. if caught at the right price for entry), other global bond f…
@varmint: but since I have you here.....:)....... are there ways of assessing individual preferred stocks for their (potential) interest rate sensitivity, or is that endeavor fraught with peril for the uninitiated?
OK, OK, OK. You guys have been playing in this particular space far longer than I have, so this post what intended to elicit comments to confirm my pedestrian instincts (which were telling me the same thing). If you don't see anything actionable her…
And if anyone has been wondering what the Smart Money crowd has been doing--- as opposed to what they are blathering--- this probably won't surprise you (or maybe it will):
http://www.zerohedge.com/news/2014-05-29/primary-dealers-and-banks-bash-tre…
From today's show:
DG: "The market will stop when it stops, and not a moment before." [HOLD THAT]
And then the CNBC moderator probably said something like this:
Mod: "Well, thank you again for coming in. As usual, you've certainly given us a lot to …
Primecap does this with their Growth fund POGRX. Depending on the environment--- if the prices and growth prospects are better--- they will take a significant chunk of their portfolio and invest in the MC space. If you get a good spot, it can be a g…
@scott Would you not expect the very best financial comedy show on cable TV to bring in clowns occasionally? Well then, is D Garman not an appropriate guest, if not a most exemplary one?
It depends on whether you believe the marble will (be manipulated to) come to rest on black or red (oh, and just as a reminder, a belief is a religious feeling). :)
http://www.zerohedge.com/news/2014-05-26/first-germany-now-austria-demands-audit-it…
@Tony Well... that is rather, ummm, embarrassing. The MFO grammar police force is strong and growing, but our math cop position remains open; would that be a slot you would consider?
Also, for those of us who have lived long enough to know one neve…
Last week, I gave fundalarm a soft poke for writing that the reported PPI number had been good, when in fact it had been higher. Several days later, I read that the way the PPI is now calculated has been changed (I think they added some products to …
Haystacks? Oh, for crying out loud, you mean they've created yet another asset class, with probably a "series" of commodity subsector ETFs to invest in the space? Will there be no end to it? :)
As for Charles Schwab, the man, I am personally "cauti…
